Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about jumbo loan limit: | |||||||||||||||||||||||
Upfront Mortgage Brokers Listed by State
IMPORTANT NOTICE: BEFORE CONTACTING BROKERS LISTED BELOW, READ "HOW TO DEAL WITH A UMB" Upfront Mortgage Brokers as of December 10, 2005 Arizona Resident Brokers Keith Carothers, AZ Mortgage Dr. Fee: Negotiated on a case-by-case basis www.azmortgagedr ... more... Using a Second Mortgage to Avoid a Jumbo Loan January 27, 1999 "I was recently advised to reduce my loan amount from $245,000 to $240,000 on the grounds that above $240,000 the interest rate is significantly higher. Is that right?" Yes. Two "government sponsored enterprises", Fannie Mae and Freddie ... more... |
|||||||||||||||||||||||
jumbo loan limit related definitions |
|||||||||||||||||||||||
Jumbo Loan
Jumbo Loan A loan that is larger than the limits set yearly by Fannie Mae and Freddie Mac ($359,650 as of 1/1/2005). Because jumbo loans cannot be funded by these two agencies, jumbo loans usually carry a higher interest rate. Also called a non-conforming loan. For Alaska, ... more... Non Conforming Loan Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more... |
|||||||||||||||||||||||
More about jumbo loan limit Debt Consolidation Mortgage - Decode Its Apparent Complexity Secured Homeowners Loans In Case You Thought a Home is Worth Few Dollars Navigation After Financial Closure - Bankruptcy Personal Loans Federal Student Loan Consolidation Key Facts You Need To Know See What a Best Secured Loan Means to You How Loan Decisions Are Made UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner Cheap Loans Dirt Will Seem Costlier! Student Loan Consolidation Rates - Helpful Tips Guide to Secured Loans
|
|
||||||||||||||||||||||
|